India considers commissions cap for Uber, Ola, unsettling industry

NEW DELHI - India plans to cap the commissions app-based taxi aggregators such as Uber and home-grown Ola earn on rides to a maximum 10% of the total fare, according to a draft proposal seen by Reuters, a move industry experts warned would hit revenue and operations.

India’s federal government has proposed reducing the commission from the around 20% of the total fair charged at present, according to the 23-page document titled “central guidelines for aggregators”. The proposal could still change but industry experts say it could halve Uber and Softbank-backed Ola’s revenues from rides.“The 10% is not viable, it has to be something around 20%,” said Joy Bandekar, a former executive at Ola, adding the system could not survive at the lower rate.

Act first apologize later. Bear the consequences of flouting the local transportation law as a consequence. Whine.

Price caps is a good idea. Both ola and uber turn into digital dacoits during rainy season+peak hours

Spying through Uber is extremely important for military industrial complex

Nice hats👍

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